Meeting Notes: Man Infra Management
Date : 26th June 2025
Attendees: Yashesh Parekh (IR), Manan Shah (MD), Ashok Mehta (Director, Finance)
Key Points Discussed
Management Overview
- Manan Shah: Joined the company in 2013.
- Ashok Mehta: With the company for more than 10 years.
- 3rd Generation Business: Parag Shah joined his father in 1990 and established the port division.
Business Operations
- Currently Constructing Vallarpudam port. Executed Vadhavan port, which is Asia’s largest port. Good margin-making business.
- MICL is the brand that showcases real estate.
Financial Highlights
- Debt-Free Status: 100% debt-free always; invested more than 1000 Cr in the company.
- Revenue Streams: Company makes contracting income, interest income and real estate equity margin.
- Profitability: Bottom line has always been more than 20%.
Growth and Achievements
- Growth Rate: One of the fastest-growing companies and owns zero land.
- Ongoing Projects: 2.25 Cr construction sqft coming up in Mumbai.
- Sales Performance: Sales have never been a challenge as company has always delivered projects well before RERA deadline. The late most delivery was 6 months before RERA. Tardeo is one of the fastest-selling towers in SoBo.
Future Plans
- Pali Launch: Will be launched by the end of this year.
- Goregaon Potential: Has potential to go till 9000 Cr. First phase revenue potential is Rs. 4000 crores. Company is a 1/3 partner in this project.